ACCT 346 - Income Tax Accounting I

Description: Introduction to income taxation of corporations, partnerships, and individuals with an emphasis on tax compliance, planning, and computer-based tax research.

Prerequisites: Prerequisite: a grade of C or higher in ACCT 251 and ACCT 252, and a pre-major or major or minor or certificate student in a College of Business program; or admission to the MPA program.

Credits: (5)

Learner Outcomes:

Students will recognize how tax systems are designed and how the legislative, executive, and judicial branches influence the design and implementation of U.S federal tax laws.

Students can locate and interpret primary authoritative sources of tax information using web-based services.

Students will be able to apply U.S. tax law to meet compliance requirements.

Students will be able to identify and analyze the impact of U.S. income taxation on corporate financial reporting.

Students will be able to apply U.S. tax law to identify tax planning opportunities.

Students will be able to communicate the results of research, compliance, and planning efforts, to audiences with different levels of expertise.